Questor Technology (CVE:QST) Stock Price Up 26.3% – Here’s What Happened

Questor Technology Inc. (CVE:QST) shares were up 26.3% on Wednesday . The company traded as high as C$0.48 and last traded at C$0.48. Approximately 163,000 shares changed hands during trading, an increase of 424% from the average daily volume of 31,102 shares. The stock had previously closed at C$0.38.

Analysts Set New Price Targets

Several research firms recently weighed in on QST. ATB Capital upgraded shares of Questor Technology from a “sector perform” rating to a “speculative buy” rating and boosted their price target for the stock from C$0.45 to C$0.85 in a report on Tuesday, September 2nd. Atb Cap Markets upgraded Questor Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, September 1st. Finally, Acumen Capital upped their target price on Questor Technology from C$0.70 to C$0.75 and gave the company a “hold” rating in a report on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$0.80.

Questor Technology Stock Performance

The company’s 50-day moving average is C$0.47 and its two-hundred day moving average is C$0.48. The company has a quick ratio of 5.48, a current ratio of 2.62 and a debt-to-equity ratio of 2.65. The company has a market cap of C$13.22 million, a P/E ratio of -8.00 and a beta of 0.51.

About Questor Technology

Questor Technology Inc, an environmental emissions reduction technology company, designs, manufactures, and services waste gas combustion systems in Canada and the United States. The company rents waste gas incineration systems. It offers its solutions for various oil and gas projects, as well as for landfill biogas, syngas, waste engine exhaust, geothermal and solar, and cement plant waste heat.